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2. How Real Estate Has Changed Over Time | Willie Newman
Manage episode 346081232 series 3393214
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Willie Newman of Homepoint joins to share his experience working in real estate and founding one of the largest wholesale lenders in the country.
About Willie Newman:
Willie Newman President and CEO, Homepoint Willie Newman is the Founder, President and CEO of Homepoint, the nation’s third-largest wholesale mortgage lender. An acknowledged expert and innovator in the mortgage industry with over 30 years of experience in the field, including three start-ups, Newman is widely recognized within the industry as the “Godfather of Wholesale”. In 2014, Newman joined forces with Stone Point Capital to form Home Point Capital. Under his leadership, Homepoint has rapidly scaled to become the third-largest wholesale lender in the country, as well as a Top-10 non-bank loan originator. Previously, Newman was one of the primary architects behind InterFirst Wholesale Mortgage Lending’s development, growing the company from a small local mortgage originator to a leader in third party lending. In 1997, InterFirst’s parent company, Standard Federal Bank, was acquired by ABN AMRO. Newman helped create what would become ABN AMRO Mortgage Group (AAMG) a diverse, multi-channel Top-5 mortgage lender and Top-10 mortgage servicer. After AAMG was sold in 2007, Newman partnered with Cole Taylor Bank in 2009 to start up Cole Taylor Mortgage (CTM), helping them become a Top-40 lender and servicer. Recently, Newman has taken a lead role in advocating on behalf of the mortgage broker community, including removal of the agency TPO surcharge as well as utilizing HMDA data to promote the “Broker Advantage”. Newman holds a BBA in Finance from the University of Michigan and an MBA, Finance and Business Economics from Wayne State University.
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Credits:
Hosts: Brad Rice & Jamie Cavanaugh
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Music: Ikson
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